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1111 E Palm Canyon Drive 107, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath

1111 E Palm Canyon Drive 107, Palm Springs, California 92264 home-pic-0
ACTIVE$389,000
1111 E Palm Canyon Drive 107, Palm Springs, California 92264
1Bed
1Bath
525Sqft
Lot
Year Built
1995
Close
-
List price
$389K
Original List price
$389K
Price/Sqft
$741
HOA
$799
Days on market
-
Sold On
-
MLS number
25537373
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $389.0K(38th), sqft - 525(3th), beds - 1(13th), baths - 1(11th).

NO HOA RENTAL RESTRICTIONS & FULLY FURNISHED! Own a piece of history in the historic Ocotillo Lodge, a classic Mid-Century architectural specimen designed by Palmer & Krisel and built by the Alexander Company. This chic 1 bed/1 bath getaway with one of the largest private patios in the complex (with mountain views!) is a great pied a terre when in town, and a great Airbnb when you need a little extra cash. Right outside your door lies all the amenities the Lodge has to offer including a key-shaped pool, two hot tubs, a clubhouse with pool tables and piano, community gym, and an outdoor Sunshine bar with a built-in grill. Home earned $25,000 in 2024 and is already at $20,000 YTD 2025 through May 10. Buy now and start collecting rent immediately! Rental history and operating expenses available. HOA dues include water, electric, WiFi, internet, cable, trash, pool, spa, clubhouse and a gym. This is truly the best of the desert!

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•3.0mi
4/10
Desert Learning Academy
Public,•K-12•1.3mi
6/10
Palm Springs High School
Public,•9-12•1.6mi
Condition Rating
Fair
Built in 1995, this unit is well-maintained and clean, but key features show their age. The kitchen has white appliances (stove, refrigerator, microwave) and a mosaic tile backsplash that appear dated, though functional. Popcorn ceilings are present throughout the unit, and the tile flooring, while clean, is not a modern style. While move-in ready, these elements indicate the property would benefit from minor cosmetic updates to align with current quality standards and styles.
Pros & Cons

Pros

Strong Rental Income & Flexibility: Proven high rental earnings ($25,000 in 2024, $20,000 YTD 2025) with no HOA restrictions on short-term rentals, making it an excellent investment opportunity.
Iconic Mid-Century Architecture: Located within the historic Ocotillo Lodge, a renowned Mid-Century modern design by Palmer & Krisel, offering unique aesthetic and historical value.
Extensive Resort-Style Amenities: Access to a key-shaped pool, two hot tubs, clubhouse with entertainment, community gym, and an outdoor bar with grill, enhancing the lifestyle appeal.
Comprehensive HOA Coverage: HOA dues include essential utilities like water, electric, WiFi, internet, cable, trash, and all common area maintenance, simplifying ownership costs.
Private Outdoor Space with Views: Features one of the largest private patios in the complex, offering desirable mountain views and an exclusive outdoor retreat.

Cons

High Monthly Association Fees: The $799 monthly HOA fee is significant for a 525 sqft unit, potentially impacting overall affordability and investment returns despite comprehensive inclusions.
Compact Living Area: With only 525 sqft, the unit offers limited interior living space, which may not suit all buyers or those seeking more expansive accommodations.
Potential for Transient Environment: The property's strong short-term rental focus and lack of HOA restrictions could lead to a more transient community atmosphere with frequent guest turnover.

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